This article addresses how to find and review your Reconciliation reports in QuickBooks Online. Perhaps for audit reasons, you may need to pull up a banking reconciliation report for the auditor to review. This is done very simply in QuickBooks Online; it also helps that you know how to review a reconciliation report as
Read MoreThis article addresses how to create a customized Unpaid Bills with Purchase Order number report in QuickBooks Online. This report is simply a clear and convenient way to view all of the current vendor Unpaid Bills with the associated Purchase Order number (if you are using purchase orders in your bookkeeping system in QBO).
Read MoreThis article addresses the concept of taking expense payments made this year and recognizing them for Income Statement purposes in the previous year. To better explain, here is a scenario: You received a services bill from a vendor that is dated January 5th of 2023, however the services that were performed all occurred in
Read MoreThis article addresses how to take a regular purchase transaction that is currently residing in your QuickBooks Online Bank Feeds section and split it into multiple expense categories. Here is the scenario: Your QuickBooks Online company file is directly connected to your business bank account via the Bank Feeds section. You recently had a
Read MoreThis article addresses how to post a payroll tax liability adjustment in QuickBooks Desktop. Here is the scenario: You received your annual Texas state unemployment tax rate notice that informs you of what your effective tax rate will be for the upcoming calendar year. Unfortunately, this notice did not arrive until well after the
Read MoreThis article addresses how to create a report in QuickBooks Desktop that shows specifically which customer invoices you applied a customer’s payment to. Here is the scenario: You received a customer’s payment and applied this payment to multiple invoices. Perhaps some time later (days, weeks, etc) the customer is now requesting a report that
Read MoreThis article addresses how to apply a bounced customer payment check to the customer’s accounts receivables account in QuickBooks Online. In this scenario: A customer’s check payment to you has bounced due to insufficient funds in the customer’s bank account. The bank then deducts the funds back out of your account, after crediting you with
Read MoreThis article addresses how to create an Accountant’s Copy of your QuickBooks Desktop file with the goal of sending to your CPA. Creating an Accountant’s copy will create a type of file known as a QuickBooks Accountant Transfer File (.QBX). The purpose of this file type is for your CPA to restore, post changes, then
Read MoreThis article addresses how to select either the Decimal or Minutes time format in QuickBooks Desktop. It is important that you understand and choose the correct time format setting in your bookkeeping software. Here are two time format options to choose from in QuickBooks Desktop: Decimal: This uses the “base 10” number system
Read MoreThis article addresses how to create a new account within your Chart of Accounts in QuickBooks Online. So, let’s get started: Go to your Chart of Accounts and click on the “New” green button in the upper right-hand corner. At the top, choose the most closely-related type of account you are wishing to
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